Public Debt Announces Activity for Securities In The STRIPS Program For March 2004

FOR IMMEDIATE RELEASE

April 6, 2004

The Bureau of the Public Debt announced activity for the month of March 2004, of securities within the Separate Trading of Registered Interest and Principal of Securities program (STRIPS).

In Thousands

Principal Outstanding (Eligible Securities)

$2,671,679,662

Held in Unstripped Form

$2,494,351,792

Held in Stripped Form

$177,327,869

Reconstituted in March

$18,153,307

The accompanying table, gives a breakdown of STRIPS activity by
individual loan description. The balances in this table are subject to audit and subsequent
revision. These monthly figures are included in Table V of the Monthly Statement of the Public
Debt, entitled “Holdings of Treasury Securities in Stripped Form.”

The STRIPS table, along with the new Monthly Statement of the
Public Debt, available on Public Debt's Internet site at: www.treasurydirect.gov. A wide range of information about the public debt and
Treasury securities is also available at the site.